Fannie Mae will soon accept crypto-backed mortgages for the first time, marking
a further move of cryptocurrencies into mainstream finance, as Better Home &
Finance and Coinbase Global are launching a new product that allows homebuyers
to pledge crypto holdings instead of selling them for a cash down payment; while
not the first such offering, Fannie’s involvement—backed by the federal
government and overseen by the Federal Housing Finance Agency—could
significantly expand adoption of crypto-based mortgage products.
